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© KYODONissan scraps rule that gave Ghosn power to decide executive pay
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© KYODO
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gogogo
Shouldn't have given away 43.4% of your company if you expect to control it.
sakurasuki
Somehow only Nissan who found it.
Ipanema Beach
In all civilized countries in the West, CEOs are allowed to decide their own and other executives' pay however they see fit without any silly meddling from shareholders or employees and does not even need to be made public to anyone. This is common sense, but not here in Japan unfortunately
Madden
Yeah, I'm sure that's it and not that they have nothing. Their whole MO up until now has been "we can't exactly show you what we have, but trust us guys, it's bad so just fire Ghosn ok?" And now Mitsubishi not following Nissan's nonsense, a fellow Japanese company? Oh, it just keeps getting better and better!
Kenji Fujimori
Honesty goes a long way. Be honest Nissan..
vinarius@pm.catv.ne.jp
saikawa, pls admit that U as the Japanese running the management team, made a huge mistake of advising Carlos. Then , U used yr mistakes to cover up yr ego, jealousy & planning all the time to destroy Carlos life.but U forgot the accounting laws are in Japanese. Who are the people that can read Japanese ???. U & yr.................back-stabber. That's all. Stop wasting share-holders time Or good Japanese people time or wasting yr co-workers time. In case, U do not know, time is causing big stress and wasting lots of money.We good Japanese are sick and ashamed to the stomach at yr bad back-stabbing under-handed ways.
Ascissor
If Saikawa wants to underscore how Nissan's earnings have outgrown Renault's, he should at least remember who made that happen.
Beka Geo
I don't quite understand the thing that 43.5% owner of the company has to ask for permission to have the board meeting, and needs some approval from the management of the company.
If they treat the biggest shareholder in such a way, why would anyone in his right mind to buy even one share?
P.S. I have no idea what could have been done worse for Nissan and Japan international business image than last actions of Nissan management
taj
Ipanema Beach
Have you never heard of a board of directors? (Perhaps you were being sarcastic and if I missed that, sorry).
UlsterBoy
One has to wonder what the Nissan Locals (Japanese) board of directors have been doing... hmm.. post Ghosn, seems nothing much - as usual which is why Renault/Ghosn were involved in the first place! The FT has caught onto this one now... so perhaps we will be seeing some raw truths being made public again for all investors to see. In short, if you hold Nissan Stock ... dump it whilst you have the chance - sadly, its a bad time for most to do so given the rather negative situation at present, that's going to continue for a couple of days, a lot of folks will be left holding onto a downwardly focused stock. However... Mitsubishi is an interesting one to look at - they have managerially played their cards right having seen the current situation for what it is. And given Nissan is also facing misleading sales fraud probes... it may be a good time to look closer at a possible swing in ties. Let dead wood drift.
seadog538
So the chairman decides his own pay rate---what a joke--the fox in charge of the chook shed.